On average, listings lease in the $20's per square foot per year. The Central submarket is going through a a boost in rates. In the last 3 months, the median rate rose $21 per sqft per year.
In the last 90 days, 18 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Central are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,850 sqft. Most buildings in this area are close to 1 stories. Most buildings in this area were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Most of the occupants of Central work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Central.
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